As per NSDL circular NSDL/POLICY/2022/103 dated July 23, 2022 and CDSL communique CDSL/OPS/DP/S ETTL/2022/462 dated August 12, 2022 system validation will be implemented for pay-in transactions with delivery obligations received from Clearing Corporation (CC) before affecting debit and mandating Participants / Brokers to seek UCC details at the time of processing pay-in instructions in all applicable modes viz., e-DIS / Physical DIS / DDPI / POA etc.
Additional details required while processing pay-in related transactions in NSDL system : Client UCC, Trading Member ID, Exchange ID, Segment ID etc.
Additional details required while processing pay-in related transactions in CDSL system : UCC, Segment ID, CMID, TM Code / CP Code(for custody), EXID etc.
Linking of PAN with Aadhaar
As per Central Board of Direct Taxes (CBDT) notification G.S.R 112(E) dated February 13, 2020, the Permanent Account Number (PAN) of a person allotted as shall become inoperative if it is not linked with Aadhaar by September 30, 2021 or any other date specified by CBDT. Revised date is June 30, 2023.
All the existing investors, who have not linked their PAN with Aadhaar number, are advised to ensure linking of PAN with Aadhaar number for continual and smooth transactions in securities market and to avoid any consequences of non-compliance of said notification on their transactions in securities market.
Click here for Advisory on updation of KYC attributes
As per regulatory guidelines, certain existing Demat Account holders to whom the communication has already been sent by HDFC Bank, are hereby advised to take a note of the details of 6-KYC attributes that shall be made mandatory w.e.f. 1st July 2022. Each of these 6-KYC attributes need to be updated in demat account
- 6-KYC attributes that need to be updated for DEMAT account holder(s):
1) Name 2) Address 3) PAN 4) Valid mobile Number 5) Valid email-id 6) Income Range
Click Here to download NSDL Form
Click Here to download CDSL Form
Please submit the necessary form(s) for all Demat Account holders at your nearest DP Servicing HDFC Bank branch, enabling us to update the above mentioned 6-KYC attributes against each account holders in the Demat Account.
Even if one of the KYC attribute is not updated with the Bank records, it will be deemed as a Non-complaint Demat Account and the same will become inactive (i.e.), no debit will be allowed in such Demat Account thereafter.
- As per SEBI Circular No. SEBI/HO/MIRSD/RTAMB/CIR/P/2021/601 dated July 23, 2021, submitting Nomination consent for Opt-in/ Opt-out is mandatory before December 31, 2023.
Holiday list 2023 for Demat customers Click here for details.
As per NSDL circular number NSDL/POLICY/2021/0122 dated December 15, 2021 & CDSL communique number CDSL/OPS/DP/SYSTM/2021/569 dated December 15, 2021, NSDL & CDSL will implement additional system level validation while executing such transactions with effect from March 25, 2022. Further, in case of manual verification (wherever applicable), DP (Bank) has been advised to take supporting document(s) from client for certain types of reason code to ascertain the nature of transaction.
For more details, please refer to above mentioned NSDL and CDSL circular and clients are advised to select appropriate reason code while executing off-market transfer, to avoid failure of off-market transfers due to such validation of reason codes.
The clients who are registered with HDFC Securities Limited for on-line trading do not require SPEED-e / EASIEST facility (facility to submit on-line instructions directly to depository without involvement of DP).
This is to avoid settlement issues in case of multiple instructions for same ISIN / quantity through HSL and depository on-line platforms.
As per the circular / guidelines issued by Ministry of Corporate Affairs (MCA), the shares for which the dividend amount has remained unclaimed by the beneficial owner (client) for a period of 7 years shall be credited to an Investor Education and Protection Fund (IEPF) Suspense account (in the name of the Company).
You can update your Aadhaar now (for NSDL Demat accounts)
You can also submit a copy of your Aadhaar Card / e-Aadhaar to the nearest DP servicing branch duly acknowledged by holder(s) with a request on Common Aadhaar application form, mentioning DP ID and Client ID (Demat account number) and consent to update your Demat account and other Bank relationships with Aadhaar. Your Aadhaar will be updated post authentication.
KYC is one time exercise while dealing in securities markets - once KYC (Know your customer (KYC) is a form which will let the bank know who customer is, his address and his the financial and occupational status.) is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
As per CDSL communique no. CDSL/OPS/DP/POLCY/2020/447 dated October 14, 2020 and NSDL Circular No. NSDL/POLICY/2020/0138 dated October 20, 2020, all off Market transfer instructions will be processed after taking consent from the transferor client by way of OTP confirmation. On the execution date of off market transfer instruction, a link would be generated and sent by depositories i.e. NSDL and CDSL on mobile number and e-mail id as registered in the demat account of the client.
Prevent Unauthorized Transactions in your Demat account --> Update your Mobile Number with your Depository Participant (HDFC Bank Ltd ) Receive alerts on your Registered Mobile for all debit and other important transactions in your Demat account directly from NSDL / CDSL on the same day....issued in the interest of investors.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account
The Procedure for filing complaints on SEBI Complaint Redress System (SCORES) is a follows:
A. Register on SCORES portal (https://scores.gov.in/scores/Welcome.html)
B. Mandatory details for filing complaints on scores:
Name, PAN, Address, Mobile Number, E-mail ID.
C. Benefits :
1) Effective communication.
2) Speedy redressal of the grievances.
Click here for SEBI SCORES App link
Demat clients can email us at firstname.lastname@example.org for any queries, feedback, information & suggestions etc. with respect to Demat account.
You can also raise a grievance on SEBI’s Online Dispute Resolution Portal (ODR) by first registering yourself on the portal and providing your details. Initial grievance reference number is required to submit the grievance on ODR.
Link for SEBI’s ODR portal is below:
- Restricting Trading by Designated Persons (“DPS”)
- In accordance with the Prohibition of Insider Trading regulations, SEBI has introduced trading restrictions for Demat Account where the sole or either of the account holder is the designated person.
- The specific ISIN of listed companies in the Demat accounts of the designated person would be Frozen for both i.e. Debit and Credit at BO-ISIN level by the Depositories i.e. NSDL & CDSL centrally.
- Freeze reason for said ISIN would be “Trading Window Closure Period”.
- Such a Freeze on the accounts of Designated Persons would be removed by the Depositories post the specified Trading Window Closure period.